"Cast your mind far, far back.....to November 2024. Donald Trump had just been elected. Americans were divided and unsteady. But the stock market wasn’t: It was thrilled! Stocks hit all-time highs on the news, and the value of the dollar surged. . The vibes were very different across the Atlantic. European stocks fell, driven by fears of Trump’s tariffs, as did the value of the euro. Analysts expected European economies and markets, which had long under-performed their American counterparts, to fall even farther behind. . Now, though, the vibes have flipped: American stocks are way down, growth projections are shaky, and the dollar is losing value. Meanwhile, many European stocks are up. So what happened? . The answer to that question, like most these days, is Trump."
“President Trump’s announcement of universal tariffs on the whole world including the European Union is a major blow to the world economy. I deeply regret this choice,” Ursula von der Leyen, head of the European Union’s executive arm, said on Thursday, adding the tariffs will be felt “immediately.” . “Let’s be clear-eyed about the immense consequences. The global economy will massively suffer. Uncertainty will spiral and trigger the rise of further protectionism,” von der Leyen said in Samarkand, Uzbekistan, where she is attending the EU-Central Asia Summit."
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